Recent Projects - Launch Development Finance Advisors

Recent Projects & Transactions

Launch has structured billions in public infrastructure financings across Texas, Nevada, Arizona, Idaho, and beyond.

Our portfolio includes Launch Bond® transactions, Public Improvement Districts (PIDs), Municipal Utility Districts (MUDs), Tax Increment Reinvestment Zones (TIRZ), and Community Facilities Districts (CFDs). Each transaction is designed to reduce costs, mitigate risks, and accelerate reimbursements for developers and homebuilders.

Finance Infrastructure

Reduce Costs

Mitigate Risks

Enhance Project Profitability & Returns

Featured Transactions

Featured Launch Bond^® Transactions

Select examples of how The Launch Bond^® has helped developers accelerate future MUD reimbursements, support infrastructure delivery, and improve project cash flow.

Starwood Land Johnson Development Services Randolph Texas Development LGI Homes, Inc.

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The Launch Bond®

Starwood Land – Astro Land

We are pleased to announce the successful closing of a 5.5%, non-recourse, tax-exempt Municipal Utility District (“MUD”) Forward Funding Special Revenue Bond (“Launch Bond”).

The Launch Bond™ is collateralized by the assignment of future MUD bond proceeds from ten (10) MUDs contained within four (4) master planned communities. Once the Bond is retired, net MUD proceeds flow back to the developer.

In this transaction, the Launch Bond™ proceeds will reimburse the developer for $150 million in eligible MUD improvements. Additionally, the transaction includes a $9.1 million reserve fund.

As the MUD bonds pay down the outstanding Launch Bond balance, any reserve fund balance that exceeds one year’s estimated interest payment will be used to call Launch Bonds.

The Launch Bond®

Johnson Development Services – Candela

Launch Development Finance Advisors is pleased to announce the successful closing of a 6.125% non-recourse, tax-exempt MUD Forward Funding Special Revenue Bond (“Launch Bond^®”).

The Launch Bond^® is collateralized by the assignment of future MUD bond proceeds. It will provide $32 million in reimbursements for eligible MUD improvements.

Additionally, $4.2 million will be reserved to complete a major roadway and related utility infrastructure. The transaction also establishes a $2.5 million reserve fund.

As MUD bonds are issued and used to pay down the outstanding balance, excess reserve proceeds above one year’s estimated interest will be applied to early redemptions of the Launch Bond^®.

The Launch Bond®

Randolph Texas Development – Lariat

New Financing Innovation – The Launch Bond^®
Forward Funding MUD Capital Appreciation Bond

After several years of development, Launch worked alongside industry professionals to introduce a financing tool that allows Texas developers to accelerate the receipt of anticipated future Municipal Utility District (MUD) bond proceeds.

This non-recourse, tax-exempt capital appreciation bond is known as The Launch Bond^®.

In this transaction, the developer received $33.2 million before the MUD had issued any bonds. These proceeds reimbursed a portion of completed MUD-eligible infrastructure.

Traditionally, waiting for MUD bonds to be issued would have delayed funding by 3 to 4 years. With The Launch Bond^®, the developer accelerated proceeds into their pro forma, significantly improving cash flow and increasing project IRR.

For additional insight into the background and impact of The Launch Bond^®, listen to Episode 30 of the Land to Lots™ Podcast.

The Launch Bond®

LGI Homes, Inc. – Multi-Community Portfolio

Launch Development Finance Advisors is pleased to announce the successful closing of a 6.50% non-recourse, tax-exempt MUD Forward Funding Special Revenue Bond (“Launch Bond®”) for LGI Homes, Inc. (NASDAQ: LGIH).

The Launch Bond® is collateralized solely by the assignment of future MUD bond proceeds from six Municipal Utility Districts across four Texas markets — Big Sky MUD, Williamson County MUD No. 49, Galveston County MUD No. 59, Harris County MUD No. 460, Cleveland MUD No. 1, and Montgomery County MUD No. 196.

The Launch Bond® proceeds will reimburse $66.3 million in eligible MUD improvements and infrastructure across the six communities. Once the accreted value of the Bonds is fully retired, net MUD proceeds flow back to the developer.

The six projects — Big Sky Estates (Dallas-Fort Worth), Colson Ranch (Austin), and Lago Mar, Park Vista at El Tesoro, Pinewood Trails, and Sweetwater Ridge (Houston) — are expected to deliver approximately 5,779 residential lots and 40 acres of commercial development at full build-out across more than 1,600 acres in some of Texas’s most active residential markets.

Project Portfolio

Additional Projects

These projects reflect Launch’s broader experience supporting master-planned communities, special districts, public infrastructure finance, development agreements, bond issuances, and project-specific advisory strategies across multiple markets.

Clara Vista at Waterridge Valley Vista Novus Innovation Corridor Amivor Harris Ranch Verrado Lake Las Vegas Texas PID Statute Camana Bay Cadence Skye Canyon Summerlin Inspirada

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Clara Vista at Waterridge | Toll Brothers

Launch Development Finance Advisors is pleased to announce the successful closing of a 5.75% Special Assessment Revenue Bond for the Savannah Ranch Public Improvement District Improvement Area #1 on behalf of Toll Brothers.

The PID Bond proceeds will reimburse Toll Brothers approximately $10.4 million in eligible public improvement and infrastructure costs across the community.

Clara Vista at Waterridge is an approximately 201-acre master-planned community located 2.5 miles northwest of Kyle, Texas. At full build-out, Clara Vista is expected to deliver 303 single-family homes on 80-foot and 100-foot lots, with amenities including a clubhouse and pool, shade structures, a BBQ area, a tot lot, and a trail system connecting to adjacent communities. The project also incorporates approximately 67 acres of open space and parkland.

Valley Vista

Working with D.R. Horton, Forestar, and Lennar, Launch established a special improvement district on 425 net developable acres of this residential master planned community in North Las Vegas, Nevada.

Launch also assisted in the issuance of $33.9 million in special assessment bonds to finance water, sewer, storm drainage, and roadway improvements.

Today, Valley Vista is one of the top selling master planned communities in the United States.

Novus Innovation Corridor

Launch is assisting Catellus and Arizona State University (“ASU”) with the University Athletic Facilities District.

The work also includes the imposition and collection of “in lieu” property tax payments to support ASU’s athletic facilities.

https://novus.asu.edu/real-estate

Avimor

Launch prepared and passed legislation allowing for Community Infrastructure Districts (“CID”). We also established the CID for Avimor, a 23,000 acre master planned community located in Ada County, Idaho.

To date, Launch has issued special assessment and general obligation bonds every year as build out of the project continues.

Harris Ranch

Launch established the first Community Infrastructure District in the state of Idaho for Harris Ranch.

Harris Ranch is a 1,300 acre new urbanist community located minutes from downtown Boise, Idaho along the Boise River.

To date, Launch has issued all of the special assessment bonds used to fund roadway improvements.

Verrado

Verrado is an approximate 7,300 acre walkable master planned community located in Buckeye, Arizona.

Launch assisted the developer in preparing the pre-annexation and development agreement by inserting favorable special district financing language.

In addition, Launch created two Community Facilities Districts for the project and assisted in various bond issuances.

Lake Las Vegas

For our initial involvement in Lake Las Vegas, Launch restructured existing local improvement district bonds that were issued prior to the Great Recession.

Currently, Launch is working to issue additional local improvement district bonds to finance the construction of infrastructure serving Phase I of Rainbow Canyon.

Texas

Launch assisted in the revision to the public improvement district statute.

In addition, Launch was instrumental in issuing the first public improvement district bond in Austin in which our client was able to fund engineering and construction costs out of bond proceeds.

Camana Bay

Launch assisted the developer in preparing the market driven land use plan, formulating a design competition, assembling the development team, and entitling the project.

Camana Bay is located in Georgetown, Grand Cayman, BWI.

Cadence

Launch established the community facilities district at Cadence.

Launch also assisted our client in the issuance of both general obligation and special assessment bonds.

Skye Canyon

To date, Launch has created two special improvement districts on Phase II and III of Skye Canyon.

Launch has also issued approximately $25 million in bonds to finance regional improvements.

Currently, Launch is working with three national home builders to establish a third special improvement district to finance improvements related to 640 acres of the project.

Summerlin

Over the years, Launch has established multiple special improvement districts at Summerlin, issuing in excess of $75 million in special assessment bonds.

Currently, Launch is working to issue bonds to fund regional improvements related to Summerlin’s Town Center.

Inspirada

On behalf of the four national home builders who took over Inspirada after the Great Recession, Launch restructured $102 million in outstanding bonded indebtedness.

Today, Inspirada is one of the top selling master planned communities in the Las Vegas metro area.

Ready to move your project forward?

Our team can help you evaluate your public infrastructure finance options and identify the next best step for your development.

Recent Projects & Transactions